Beijing Jingneng Clean Energy Co., Ltd. Class H (HK:0579) has released an update.
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Beijing Jingneng Clean Energy Co., Ltd. has successfully completed the sale of a 40% equity stake in BJCE Australia to BJEI Australia, resulting in a connected subsidiary relationship. The transaction involved various agreements, including loan arrangements for working capital and a counter-guarantee for the financing of the Biala Wind Farm. The company will adhere to ongoing disclosure and approval obligations as stipulated by the Listing Rules.
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